Collect $7,625/month OR MORE on this 12 units Apartment Complex In Lorain, OH
*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
Now you can own 12 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $375,000
This multifamily property offers multiple money-generating strategies:
All 12 units has great full view of the Lake, Great Investment Opportunity!
Cap Rate on Actuals: 11%
Roof and Windows are installed few years ago
Value play: Add coin laundry machines for additional income. Separate laundry room available
28 min drive to Cleveland Hopkins International Airport
26 min drive to Cleveland State University
$45,335 Actual NOI
Value play: Rent Increase!
Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..
Individually metered – residents pay for electricity
No Seller Financing
Purchase Price $375,000